B2L Portfolio Leveraged To Extract Cash And Enhance Estate Value
Professional landlord with a Buy-to-Let portfolio in Sheffield seeking to refinance 12 properties to raise cash for much-needed refurbishment.
Tuscan Capital was asked to provide a 60% loan-to-value advance against a property portfolio where the average property value was £100,000. The loan was to raise cash in order that the investor could refurbish several of the properties to bring them up to the required standards needed to obtain the necessary compliance certificates.
Given the projected increase in the value of the portfolio once the properties have been improved, it is now possible to line up a low-rate challenger bank remortgage facility as a viable exit.